Chips and Partners Requirement 1 Actual CostingNormal Costing Direct Cost Rate (DCR)Actual RateActual Rate Professional Labor Rate (DCR)5858 Indirect Cost RateActual RateBudgeted Rate Professional Labor Compensation P - P 960,000.00 Audit Support Department Cost P 744,000.00 P720,000.00 Divided by:Professional Labor hour 15,500 16,000 Total Indirect Cost Rate4845 Requirement 2 Actual CostingNormal CostingActual Costing Normal Costing Direct Cost Rate Professional Labor Rate5858 Multiply:Audit Actual Professional Hour120120 Total 6,960.00 6,960.00 6,960.00 6,960.00